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Transcripts For CNNW CNN Newsroom 20111218



their recovery. in other news now, the senate has agreed to extend the federal payroll tax cut but only for two months instead of a year. the house hasn t scheduled a vote on the measure yet and many house republicans aren t happy with the temporary extension. president barack obama backs the deal, but he s calling on law makers to do more. i m very please ad to see th work the senate has done. while this agreement is for two months, it is my expectation, in fact, it would be inexcusable for congress nigot to further extend this middle classes tax cut for the rest of the year. it should be a formality and hopefully it s done with as little drama as possible when they get back in january. in the meantime, president obama is expected to sign a spending bill passed by the senate today, which will keep the government running through september 30th. you hear the drums, kind of know what s going on. it s the occupy wall street movement, returning at least for one day. t ....

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